BuddyPress.org

This will do photos on your profile. No video. And not in groups I don’t think. But I imagine in time there will be a lot of solutions out there. BP is really new.

http://manojkumar.org/bppicture-album-plugin-for-buddypress/

Not sure what you mean by a magazine style front page… but there’s a widget to show a list of latest blog entries.